Brookfield Asset Management Inc (NYSE:BAM) Stake Decreased by Williams Jones & Associates LLC

Williams Jones & Associates LLC cut its stake in shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) by 6.8% during the first quarter, HoldingsChannel.com reports. The firm owned 23,875 shares of the financial services provider’s stock after selling 1,730 shares during the period. Williams Jones & Associates LLC’s holdings in Brookfield Asset Management were worth $1,114,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Brookfield Asset Management by 2.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,502 shares of the financial services provider’s stock worth $441,000 after buying an additional 279 shares in the last quarter. Advisor Partners LLC boosted its position in shares of Brookfield Asset Management by 4.0% in the 1st quarter. Advisor Partners LLC now owns 7,272 shares of the financial services provider’s stock worth $339,000 after buying an additional 279 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Brookfield Asset Management by 6.3% in the 1st quarter. Checchi Capital Advisers LLC now owns 5,726 shares of the financial services provider’s stock worth $267,000 after buying an additional 339 shares in the last quarter. LVW Advisors LLC boosted its position in shares of Brookfield Asset Management by 4.9% in the 4th quarter. LVW Advisors LLC now owns 7,998 shares of the financial services provider’s stock worth $307,000 after buying an additional 371 shares in the last quarter. Finally, Colony Group LLC boosted its position in shares of Brookfield Asset Management by 7.3% in the 4th quarter. Colony Group LLC now owns 5,665 shares of the financial services provider’s stock worth $217,000 after buying an additional 386 shares in the last quarter. 61.45% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have issued reports on BAM shares. TD Securities upped their target price on shares of Brookfield Asset Management from $62.00 to $63.00 and gave the company a “buy” rating in a report on Friday, May 10th. Royal Bank of Canada upped their target price on shares of Brookfield Asset Management from $47.00 to $48.00 and gave the company an “outperform” rating in a report on Tuesday, February 19th. Finally, BMO Capital Markets restated a “buy” rating on shares of Brookfield Asset Management in a report on Friday, April 5th. Six research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $52.92.

NYSE:BAM traded up $0.15 on Wednesday, reaching $47.56. The stock had a trading volume of 77,113 shares, compared to its average volume of 1,411,241. The firm has a market cap of $47.03 billion, a price-to-earnings ratio of 15.00 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 1.18. Brookfield Asset Management Inc has a 12-month low of $36.58 and a 12-month high of $48.43.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Thursday, May 9th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.01. The company had revenue of $15.21 billion for the quarter, compared to analyst estimates of $12.35 billion. Brookfield Asset Management had a net margin of 5.63% and a return on equity of 3.86%. During the same period in the prior year, the firm earned $1.16 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.16 per share. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, May 30th.

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Brookfield Asset Management Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

Read More: Retained Earnings

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Institutional Ownership by Quarter for Brookfield Asset Management (NYSE:BAM)

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